The Specialty Equipment Market Association (SEMA) has announced Scholarship and Loan Forgiveness Program for students who are in high school, undergraduate, or graduate in college or university and technology school in the United States. Students interested in building their careers in Automotive can apply for this program. Moreover, they are providing Loan forgiveness to those students who are employed by a SEMA member business, have a passion for automotive hobby and career, and have a degree or certificate.
The applicants selected for this scholarship program will be awarded up to $5,000. The number of awards will be approx—40 (varying). The award amount will be used for students’ tuition assistance and other required materials. The scholarship will help students to pursue their careers in the automotive industry. Also, the eligible students for loan forgiveness who have a minimum of $2,000 student loan will get much more help from this program as their loan pay-off concern will get diminished. This will help them to grow their career without having more financial concerns and also achieve their goals in the automotive industry.
The Specialty Equipment Market Association was founded in 1963 by a group of small manufacturers. Their mission behind the scholarship program is to support and allow students to focus on their studies and work rather than be burdened with tuition costs. The loan forgiveness is done to provide and contribute financial assistance, charity and help to employees of SEMA member companies with outstanding student loans.
Brief Description
The below table provides short information about this program:
| Organization | Specialty Equipment Market Association |
| Education Level | High school seniors, undergraduates, and graduates |
| Subjects | Automotive industry |
| Amount | $5,000 |
| Access Mode | Online |
| Number of Awards | Varies |
| City | Any |
| Nationality | Domestic |
| Country | USA |
| Contest Deadline | March 01, 2022 |
| Application Fees | Not required |
| Requirements | Varies |
Who is Eligible?
For scholarship:
Applicant must:
- Be at least 18 years old
- Be a U.S. citizen
- Demonstrate a passion for the automotive hobby and career
- Be an incoming freshman or continued enrollment in college, university, or post-secondary career and technology school in the United States.
- Pursuit of degree or certification leads to a career in Automotive in all disciplines.
For Loan Forgiveness:
Applicant must:
- Be employed by a SEMA member business
- Demonstrate a passion for the automotive hobby and career
- Possess a degree or certificate from a college, university, or career tech school in the United States.
- Have a minimum of $2,000 in outstanding student loans.
Benefits
Winners of this program will be provided with an award amount of $5000 that can be used to cover the educational cost or expenses related to the degree program that candidates are pursuing. The degree program must be related to the automotive field or lead to a career in the same industry.
How to Apply?
The candidates who are eligible and want to apply for this program should get themselves registered on the official portal. If the applicant is a new user, they must create an account, and if the applicant already has an account, they can enter their login credentials and start accessing the programs. While filling the application program, the applicant must demonstrate a passion for the automotive industry in selecting answers to the questions asked. This applicant must attach an unofficial transcript or a technical training progress report and recommendation letters from the teacher, employer, or mentor and submit the details.
Application Deadline
The applicants eligible for the scholarship and loan forgiveness program should submit their application form with all the required documents before March 01, 2022. The applications submitted after this date will be considered ineligible, and the applicant will be disqualified.
